I believe I may discovered the holy grail and it is the easiest I've ever imagine, just follow the tendency on high timeframes before it finishes. That is all.
Allow me to clarify my ideas: a week back I thinked that Foreign Exchange has been a totally random market, but some fellow traders from here show me the truth: when a market has tendency, it isn't arbitrary, and present myself to the famous s System, after reading the book The comprehensive turtletrader I understand that tendency just exists in large timeframes, below that there's too much volatility also it is hard to predict the price moves, and that it is impossible to predict when the trend finishes, so you have to follow it till it finishes in the following breakout.
And the best indior I've found to reveal the tendency and its own breakouts is Heiken i, so the rules of the system are:
- When the final monthly pub is white, shut your sell position and enter long.
- When the final monthly pub is red, shut your buy position and enter brief.
- Use 400 pips of SL.
Attachment 937416
I've written a basic EA based on this method (I've restricted the calculations to the first moment of the first 7 days of each month to optimize the backtest, you can delete that, the results will be the same, but it requires nearly 10 times longer), you may download it at no cost, here are the results for a backtest in the past ten years, by 2002/01/01 untill 2012/01/01:
Attachment 937407
It turns 1000$ to 61000$!!! Adding a drop in performance during 2009 if the balance falls from 44000 to 17000 during the large volatility of that calendar year, and it recovers itself later!
I would love so much your comments and critics to this particular method.
https://www.cliqforex.com/attachment...3127393748.mq4